• Amazon.com Inc. introduced Prime Reload, a service that lets Amazon Prime members earn a 2% reward when they reload their Amazon Gift Card balance with a debit card. The reward is added to the gift card balance. Users must give Amazon their debit card, bank-account, and bank-routing numbers when they …
Read More »Retailer Selects POS System with Ingenico Devices and other Digital Transactions News briefs
• Processors Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree, and Priority Commercial Payments have become the first companies to receive approval from Visa Inc.’s Visa Ready for Business Solutions program, which helps technology companies integrate with Visa’s business-to-business payments services. • In related news, Visa announced it will be equipping the stadiums …
Read More »Payments Fraud Expected To Increase and other Digital Transactions News briefs
• The Zelle person-to-person payments network announced its service will go live in the mobile-banking apps of more than 30 financial institutions beginning this week and continuing over the next 12 months. The coverage will include more than 86 million mobile-banking consumers, Zelle said, adding that more than 51 million transactions totaling more …
Read More »COMMENTARY: In Evolving a Business Today, Focus is Key
By O.B. Rawls IV Pivot. Transform. Expand. In today’s business landscape, especially in and around payments, flexibility and agility are key. Businesses must be prepared to evolve, regardless of their size, longevity, or core service and product offerings. But, for any of us who have been in business for a …
Read More »COMMENTARY: Cut-Rate Processing Can Mean Diluted Services
By Dave Yohe Selecting the right partner to process payments is essential for organizations taking payments directly from consumers. While it might be tempting to choose the provider offering the lowest rate, the short-term gains from saving a little money can risk longer term business revenue. In the following paragraphs …
Read More »Payment Data Systems’ Singular Acquisition and other Digital Transactions News briefs
• Merchant processor Payment Data Systems Inc. extended the expiration of its non-binding letter of intent to buy independent sales organization Singular Payments LLC to enable Payment Data to finish its due diligence and Singular to conclude its audit; both companies agreed to the extension, Payment Data said. Terms of the stock and …
Read More »VeriFone Doubles Down on New Products as It Exits the Taxi Business and Retreats in China
By Jim Daly@DTPaymentNews Payment technology provider VeriFone Systems Inc. reported Thursday that it plans to divest its line of products for taxicab payments and media services, and will take a minority interest in a joint venture that will own its current business in China. News of those developments came as …
Read More »Revel Systems Debuts Revel University and other Digital Transactions News briefs
• Tablet-based point-of-sale provider Revel Systems launched Revel University, an online training service for merchants using its technology. • Payments provider BlueSnap Inc. said merchants using its Powered Buy Platform now can accept Apple Pay transactions. • Nineteen percent of consumers used person-to-person payments through a financial institution in the past 30 days in a …
Read More »Gemalto, ThreatMetrix in Product Development Deal and other Digital Transactions News briefs
• Groundwork, a payments service for school sports, launched its service to let parents use bank accounts or cards to make payments for team expenses. Teams pay a fee of 2% plus 30 cents, with an additional charge for card payments, with all payment communication with parents managed by the Groundwork …
Read More »EDGE, a Universal Card Service, Eyes Coin Users and other Digital Transactions News briefs
• EDGE Mobile Payments LLC, which offers a card-consolidation device, said it is offering users of the former Coin card a discount on the purchase of its EDGE Card. Fitbit Inc. purchased Coin in 2016, and the service was shuttered earlier this year. • PayPal Holdings Inc.’s dominance in e-commerce payments …
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